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CNN 7
CSPAN2 5
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English 97
Search Results 0 to 49 of about 97 (some duplicates have been removed)
CSPAN
Jan 23, 2013 1:00am EST
so we can keep interest rates low so we can make sure we don't hurt our economy. >> i want to command -- commend you on the effort of people to just put out a budget. with all due respect on my friends on the other side, last year they were in majority, they chose not to do that. they chose thinking it would provide political cover. it didn't. i think that's what's gone "encore booknotes" the senate side. calculation that somehow this will spare some of our members from difficult votes. i commend you for developing a difficult budget and getting your colleagues to vote on it and it was a legitimate issue in the campaign. i think it's an appropriate place to have the discussion. you come, you vote, we go have a campaign. that helps the country clarify the issues. we move on. the house has fulfilled its responsibility in that regard in through the fire in the election. i think that's fair. the senate just simply has not. and it is discouraging. you know, it just takes 51 votes. that's all it takes over there. i actually heard commentators tell us, oh, no, it takes 60. it takes no such t
MSNBC
Jan 23, 2013 11:00pm EST
believes that we have to both walk and chew gum at the same time. we have to deal with our own economy and our fiscal situation. that is a given, because that is the source of our strength and our capacity. but we also have to be smart about making the right investments in diplomacy and development to try to solve problems and prevent them. >> i'm joined tonight with senator chris murphy of connecticut, who is a member of the senate foreign relations committee. senator, good to have you with us tonight. moving forward, security obviously is an issue. so getting funding and help from republicans shouldn't be hard after this hearing. that's what i see today. your thoughts on it. >> well, listen, the republicans have had chance after chance to do the right thing here. the irony is just as thick as the walls of the united states congress, when you think that they stripped $300 million out of the secretary's security requests before benghazi. but it gets even worse, ed. after benghazi, the president and the secretary of state said listen, we've got to do better. so they put before congress
FOX News
Jan 21, 2013 5:00pm PST
. rather than focusing on america's vexing problems like an exploding debt and a weak economy, mr. obama put forth that the nation's top priority must be imposing social justice. >> we must make the hard choices to reduce the cost of healthcare and the size of our deficit. but we reject the belief that america must choose between caring for the generation who built this country and investing in the generation that will build its future. [ applause ] for we remember the lessons of our past when twilight years were spent in poverty. parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky. talking points disagrees with president obama's priority. although. impossible to do what the president wants to do. in short, prosperity. can't be done no matter how much money you spend. much more effective is building a strong society based upon a robust free market and effective, effective social programs. that provide opportunity rather than charity. as the president should know by now. the federal government cannot provide fo
FOX
Jan 21, 2013 2:00am PST
on the need to reduce the deficit in a balanced way that will help the economy grow, amongst democrats on the hill, and, a few republicans, the barrier to progress here is not the president. we need to see more republicans and congress -- in congress willing to compromise, even on revenues. >> chris: they say they need to see the president willing to compromise on spending cuts and entitlement reform. >> let's look at what we offered speaker boehner. it is public. $400 billion in health care savings we offered, and $200 billion of additional cuts in domestic spending and a trillion dollars in savings and look at where we started the negotiated process and the speaker, we went more than halfway. >> chris: is the president still willing to adjust the cost of living increase for entitlements, is he still willing to raise the eligibility age for medicare? are those still on the table? >> i will not talk about specifics that may be in the package. it is will report in the discussions with speaker boehner we were willing to entertain the cost of living adjustment. but, the overall package, w
CSPAN
Jan 22, 2013 8:00pm EST
economy and is going to create jobs and increase the standard of living for hard- working, middle-class americans. you know, we talk so much about mortgaging the future, mortgaging our children's future and i care deeply about that. but frankly, we are mortgaging now the future is now. and we all -- all of us here, we want to fight. we want to fight for that nurse, that carpenter, that teacher, that grand parent, that parent, that student, we want to fight for everyone across this country. and the 113th congress has been sent here i think to be do big things, the hard things, and this is the first step in that process. no budget, no pay. >> questions? >> speaker boehner, yesterday in the president's inaugural address he suggested that immigration and climate change will be top priorities for him. what do you think of his call for action on climate change, and is immigration a high priority? >> there are a lot of priorities for the congress. a lot of priorities for the president. and right now, the biggest issue is the debt that's crushing the future of our kids and grandkids. hard
FOX News
Jan 27, 2013 8:00am PST
the economy? we have a former white house political director under president george w. bush and a former chief of staff to west virginia senator joe mansion. >> great to be here. >> eric: matt, let me start with you. how do we get here? >> well, you know, i think about the president i served, george w. bush. when he came to office, he really was concerned about trying to if i understand a way to reach across the aisle because clearly bill clinton left the presidency with high numbers. he worked with ted kennedy. he worked with democrats and signature domestic policy issues and then 9/11 happened and the wars occurred. really, the nation polarized again, right versus left. i don't think we have come out of that. obama inherited that. but he talked about bridging that and governing in a way to bring right and left together. i happening the number-1 failure of president obama is not the economy. it's his failure to find a way to bring us all together. >> eric: chris, what about that? >> well, i think it's easy to put it on president obammasm the fact is, this has been building and arguably buildi
CSPAN
Jan 23, 2013 5:00pm EST
to note with after almost four years having passed with an economy that's been struggling, the senate never acted. it took one week in which their paychecks were on the line that now the senate is going to step up and do the right thing. we welcome them to this debate around the budget of the nation and look forward to making sure we can begin to reduce the mountain of debt that is facing our children. >> when you go across the country and talk to individuals, they're always stunned. it has been four years since the senate did a budget. when they stood back and looked the last time they did a budget, the ipad wasn't introduced or chevy volt and no instagram. it's shocking. today, you found a bipartisan vote that is asking for accountability and effectiveness in government and that's why we are moving it and we welcome the opportunity that the senate joins the debate and actually brings accountability back. >> today, the house acted. the house acted to put washington on a budget and to force a conversation about how we spend money. everyone in america understands that budgets matter. a
MSNBC
Jan 22, 2013 7:00pm PST
to our economy, far worse than any economic period seen in the history of the united states. in my judgment if the federal government becomes insolvent or goes into bankruptcy because the debt has accumulated to such an extent that it overwhelmed our ability to pay. in that context, then, i'm willing to raise the debt ceiling if one or two things happens. first, the constitutional amendment must pass the united states congress and sent to the people. >> that could happen. >> certainly may not happen if we don't try, the second is, substantial spending cuts. >> according to john boehner that is not going to happen either. >> a sincere effort of trying to address the problem, the trillion dollar a year deficits are unsustainable. >> we get that from republicans, i'm trying to get at what has happened within the republican congress in the house such that the day after the inauguration, the republican leadership is saying let's not raise the debt ceiling? let's pretend we simply do not have one. and do that for a period of months. is that -- is that thing going to get the votes? that i
CSPAN
Jan 23, 2013 7:00am EST
to not be part of that, because it is terrible for the economy and seems to be bad politics. host: white house press secretary jay carney. let's hear purcellville in broken arrow, oklahoma, republican. what is your advice to republicans for the second obama administration? caller: i love c-span and i am so glad that you have this live call-in talk show from individuals all over the world. my question is, to the republicans, i know that you heard in the inaugural speech to the word "to gather." we have to come together. together we stand as we the people. i know and hope that our president of the united states, president obama, is hearing our voices this morning being back in the white house for and other four years. i am a military mom. i want to say this to the republicans. please work with our president of the united states. he is the general in chief for all of us. is gettingely on who more. we can ask. we can write letters. we can twitter and all the settings. but we have to come together. he is the one we voted for. as we let's work together the people. that is my answer to the republican
CSPAN
Jan 22, 2013 5:00pm EST
. accordingly, the house stands it's just -- it's terrible for the economy. it seems also to be bad politics. >> can you help me understand specifically what the president wants to pursue in the second term on this? is this something -- does he have legislation that he'd like to see congress passed? are we back to cap and trade? what specifically does he want to do that he didn't do in the first place? >> i think president has longed supported climate change. i think bipartisan opposition to legislative action is still a reality, the president's position remains the same as it was in the first term. he looks forward to building on the achievements made in the first term and he looks at this in a broadway because this isn't deficit reduction, for example, is not a goal onto itself. we pursue it in order to help the economy and help create jobs. otherwise it's not worth the effort, in his mind. >> mike pence delivers his first state of the state address tonight. we'll have that live for you at 7:00 p.m. eastern here on c-span. tomorrow, secretary of state hillary clinton testifies on capitol h
CNN
Jan 20, 2013 5:00pm PST
are actually going up. the economy's getting a little bit better. the wars are winding down so he does have a shot but most important thing to say is i think he's found his game. >> if you look at president's popularity, his is low. >> one of the lowest in past 20, 30 years but the numbers moving in the right direction. i think he's found his rhythm, found a way to actually play the game in this town. i think he may have a better second term than the first. >> margaret -- >> be careful, my friend. >> is the country more divided than been for other second term presidents? >> the temptation is to say, yes. we are listening to civil right activists saying the country is not as polarized and keep it in perspective but i think everybody has been saying to the president, in terms of legislateively, strike while the iron is hot. traditionally for all presidents, right now. it is the first year of their second term. remember, we had six-year itch. getting to finally the third cycle, 2014, you know, generally the minority -- the house of republicans expecting to gain seats because there's a six-year
CSPAN
Jan 28, 2013 8:30am EST
class voters, at a time when the economy is going through a very complicated, difficult moment when it's not clear how to get back to growth, he's thinking creatively about how to use the strength of his state to build on its weaknesseses. and i think at the national level that's what conservatives have to do. to some extempt, it's being done. i would say the policy agenda that has to come at the end of that conversation is not fully worked out by any means, but the questions are being asked. i think the direction of thinking has been helpful even in the wake of the election. if you listen to what people like marco rubio or paul ryan have been saying, it's different from what they themselves were saying six months ago, a year ago. i think the focus is turning to the right place. that doesn't mean that he'll persuade the public, but it certainly helps to ask the right question if you're looking for the right answer. >> where joe, i want to bring up something that my friend john podhoretz mentioned, and i say that carefully because reihan salam, my name has up been butchered by others, s
CNN
Jan 28, 2013 11:00am PST
the importance of characteristics that will help build the american economy and strengthen american families. third, we create an effective employment verification system that will prevent identity theft and end the hiring of future unauthorized workers. and lastly, we establish an improved process for admitting future workers to serve our nation's workforce needs, while simultaneously protecting all workers. other bipartisan groups of senators have stood in the same spot before, trumpeting similar proposals. but we believe this will be the year congress finally gets it done. the politics on this issue have been turned upside down. for the first time ever, there is more political risk in opposing immigration reform than in supporting it. we believe we have a window of opportunity to act, but we will only succeed if the effort is bipartisan. by their presence today, my republican colleagues are making a significant statement about the need to fix our broken immigration system. we democrats are equally serious. we do not want immigration as a wedge issue. much rather we want a bipartisan bill
CNN
Jan 23, 2013 4:09pm PST
the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> our second story "outfront," deep freeze. it's the talk for a lot of people in this country tonight. the sub zero temperatures creating dangerous conditions for areas that have not felt the extreme chill in years. we got very spoiled here in new york. it was kind of springtime all winter. the cold now is blamed for at least four death and it follows the warmest year on record. some scientists are blaming global warming for these ups an downs, but the public doesn't seem so convinced. the number of people who believe in global warming is actually down 8% from 2008. only 45% believe it is a manmade problem, which is down from 54% back in 2008. "outfront" tonight, erick erickson and john avlon. so, the president in his inauguration speech took on those who don't believe in climate chang
CSPAN
Jan 21, 2013 3:30pm EST
are too, sometimes three times the rate of the average inflation in the economy. so what you did is, number one, you had a supreme court ruling that it was in the best interest of the country to take away the liberty of individuals. the congress had actually gone outside of the enumerated powers which list very specifically what the congress can do and yet the supreme court held out the abandoned enumerated powers. also, the trumping of the tenth amendment. wind -- >> net comes to the commerce clause, you use that with the supreme court justice and a testimony. you reprint that testimony. your back and forth. what was the question you asked her about fruits and vegetables? >> well, could the government tell you, mandy to you how many fruits and vegetables you eat it a. it really arises. where is the role with the government in terms of our lives? can come in fact, the commerce clause be viewed so widely as what was done in full burn versus the united states? can it be interpreted so widely that we could eventually get to the point where we can mandate will we are doing? we're doing
FOX News
Jan 20, 2013 6:00pm PST
the economy and barack obama came on and was in a joef yell mood. >> for all of the talk we had during the campaign ofment o prt obama's ability to raise money it would be a million dollar campaign and the talk mitt romney had more corporate donors it would be a wash in cash. the president had no trouble raising enough money to get himself re-elected it is thanks in part to an incredible network he has built over the years. talk about the importance of money in this election, charles. >> he has never backed for money. in 2008 he was the first to go without the federal matching money so he could raise unlimited amounts he did and he crushed mccain in terms of the fundraising. he is commuting with the 53 percent his way of reaching to try to bring us all together after a campaign where he ran into 47 percent. it is a night where they are just having a good time. i wouldn't take any of it too seriously. it is a minor bit. you have to give him a pass on inauguration. he's having a good time and this is the money essentially to fund all of the festivities he which he won fair and square. >>
CSPAN
Jan 22, 2013 1:00pm EST
economy, is social justice. not trying to manipulate a society, not trying to move toward a collectivist society. so there are fairly radical -- radically different visions of what creates social justice, what creates that opportunity. i think we as the conservatives, as those who are defenders of freedom, have to constantly be pushing. even when we're running against that brick wall we've got to keep running into it until eventually we knock parts of it down because heaven forbid if this president were to get his vision of the agenda, what would this country look like four years from now? >> talk a little bit more about the tax component of the republican agenda. when you talk about tax reform what does that mean? >> one of the thing that -- things that has some of us enthused, chairman camp, at least this is what i'm hear they spent two years holding hearings, collecting information about what a much broader base, lower rate, a lot less, you know, sorry to throw some acquaintances under the bus, lobbyist created carveouts, special extenders in the tax code would look leek and why do we
CSPAN
Jan 22, 2013 10:00am EST
on the economy. on the economy. his speech was supposed to be uplifting. republicans feel like for them to help steer the economy in the right direction, you have to get bending under control. with democrats, when they want to push jobs, it involves more stimulus spending. the two sides clash. they have never been able to pass some bills because it included stimulus that democrats wanted to pass. republicans want to get the economy going in the right direction and reduced spending. reduced federal regulations. repeal parts of obamacare. this is what job creation is about. that is part of the reason why congress is not passed these measures is because the two sides have opposite views on what it would take to create new jobs in america. that will continue. caller: i am calling in about the abortion and gay -- ia am fr contraceptives and they read killed -- date rape pills. as far as what it says in the bible, yes, it is against it. it says judge not lest you be judged. as far as the gay people go, i do not know anybody gay but i am for the rights of the gays because there are so many out there.
CSPAN
Jan 23, 2013 5:00pm EST
increase and protected our economy from the fiscal cliff. two-thirds of those votes came from democrats. if the speaker had enforced the hastert rule, we would be over the fiscal cliff today. what happened on sandy? after nearly three months of stalling, while my state, while the presiding officer's state of connecticut, while the states of new york, new jersey and other states struck by sandy were waiting urgently for the relief that we got to the coast within 11 days. they stalled and they stalled because they could not get a majority of the republican caucus to support federal relief for our hurricane-ravaged states. under the hastert rule, they couldn't get that bill to the floor. so speaker boehner once again decided to forego the hastert rule. that's how they got the sandy emergency aid bill passed. look again at the votes. republican "yes" votes for the disaster bill: 49. republican "no" votes for that bill: 179. that bill was dead on arrival under the hastert rule. the republican caucus couldn't support it, wouldn't support it, and we would be without any help now if they follow
CBS
Jan 21, 2013 7:00am PST
a great deal of work to be done on the economy and a great many other things. nora o'donnell, the co-anchor of "cbs this morning" is down on the national mall and she has insight on what the president is looking to in a second term. >> that's right. on a day like this when most americans have expressed their frustration with washington, political leaders, this is day that we see hundreds of thousands of americans turn out to witness this piece of history. every second-term president since dwight eisenhower has had to deal with an opposition party in congress. that's nothing new that president obama is facing in this second term. but he's going to try and capture i think some of the magic of bipartisanship on a day like today. trying to put it in a bottle. because he really has a very ambitious agenda for his second term. we have heard him talk about it. gun safety, immigration reform. deficit reduction and those looming spending cuts that are a part of the sequestration. so that's lot before the president. but as major has noted this is a speech today that's not about specifics, but
CNN
Jan 22, 2013 1:00pm PST
) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> all right. we're getting new information from ktrk, they are both reporting that two -- two suspects have been taken into custody in connection with the shooting incident on the campus of the north harris campus of lone star college outside of houston in harris county, a campus of about 10,000 students. we have not yet independently confirmed what these law enforcement officials are telling our local affiliate. but i wanted to update you on what's going on. we are standing by for a 5:00 p.m. news conference, in half an hour or so. 5:00 p.m. eastern, 4:00 p.m. central. they said they were searching aed wood area for a suspect. that's when they said they had one suspect in custody but now our affiliates are telling us that two suspects are in custody. we'll see where this is going. we'll update you as more information comes in. >>> other news we're following right now, including a new controversy erupting today in the wake of yesterday's inauguration ceremony here in
CNBC
Jan 22, 2013 4:00pm EST
of google and ibm. an indication of the strength of the global economy. yes, obviously, the fed is juicing this real, but cash on balance sheets is at record highs. unemployment seems to be stabilizing, and have you nowhere else to go, if you go to cash, what are you making, nothing? >> nothing. >> go to bonds, nothing. >> might as well put it in the mattress. >> exactly. >> watching google there. waiting for those numbers. not out yet. estimates coming down. rich peterson what, role does technology play in this market right now? how important are they? >> it's always the audio. >> in terms of the s&p capital estimates, looking for a 1.4% decline and earnings in the fourth quarter. however, you look at the low point for the earnings decline for the sector we're seeing upturned in the first quarter, second quarter 2013. however, i think, you know, we had a big rise with many m & a deals last year in the sector. investors should not be ignoring the risk out there. so far the s&p 500, so many headwinds out there in terms of what the fed may be raising rates some time. >> okay. so you see tech
ABC
Jan 27, 2013 8:00am PST
of the american economy by that. but also very clearly having a pathway to earned legalization is an essential element, and i think that we are largely moving in that direction as an agreement. >> what do you want? senator mccain said it's helpful that president obama is out on the road. what do you want to hear from him? how committed is he to getting this done? he also wants gun control. >> right. well, i was at the white house on friday with the congressional hispanic caucus leadership, and the president made it very clear in that discussion that this was a top legislative priority for him in this session of the congress and that he expects to work with all of us in an effort to achieve the goal, and he's fully committed to it, and i think that's why this week he starts the clock by the speech he's going to make out in las vegas. >> and that pathway to citizenship, that has to be in there? >> absolutely. latino voters in -- first of all, americans support it in poll after poll. secondly, latino voters expect it. thirdly, democrats want it, and, fourth, republicans need it. >> shouldn't the
MSNBC
Jan 24, 2013 1:00pm PST
having about the fiscal cliff and the debt ceiling. the american economy somebody very important to the global economy. we cannot have the kind of nonsense we've had going on in the building behind me and think that that's going to be either good foreign policy or economic policy for around the globe, not just here at home. i think he was trying to remind people we do live in a global economy. it is interconnected and that that does impact our foreign policy and our defenses. >> it clearly does. michael, the outgoing secretary of state said, and i'm quoting her, we are facing a spreading hi hjihadist threat across nort africa. is it your view that the attack on the consulate in libya, the hostage taking at that gas plant in algeria, and the conflict in mali mean that north africa is now the main front for islamic terrorism and how does a new secretary of state confront this? >> great question. i don't know that i would say it's the main front, but it is certainly a serious front and a serious set of interlocked issues. one thing we have to debate on libya, because i've been perp
MSNBC
Jan 25, 2013 6:00am PST
, what did you learn? >> we need cuts, we need more revenue, but equally, we need growth in the economy. letting start-ups, tax reform, and regulatory reform help. that's what we need more. >> you really think we need more? >> i mean, you want to make fun of -- >> i don't ever make fun of playing. i like my politicians who play. and who have cameras around when they do. what did you learn today, sam? >> you picked your clothes by number. i have no idea. the sweater collection could probably use an upgrade. >> this is number 47 right here, by the way. >> this is the hollywood business sweater, right? >> that's right! >> i learned about super fierce sri lankan women fighter, and victor garber is wonderful, and my neighbor. which is great. >> if it's way too early, harold, what time is it? >> it's time for "morning joe". >> but coming up next -- >> is my man, chuck todd on "the daily rundown". >> no, luke. >> luke russert! >>> taking it to the streets, vice president biden heads into virginia to make the case for new gun law. can a campaign-style push pressure congress to get something don
FOX News
Jan 27, 2013 1:00pm PST
the euro. and the issue is the fed just prints money. it just keeps interest. in for the economy. there is going to be inflation. prohibited oddly enough in richard virginia. there you go. look at these. v.a. is going to spend $22,000 to study a virginia alternative currency. that kind of a waste of taxpayer money? >> you know, in a way it is. the issue is we have had, before we haven't just had the dollar forever. at one point, in 1836, there were every state had its own bank note. and there were 16,000 chartered types of currency. so easy to counterfeit. it d bs didn't work at all. during, look, i have a wig n on my chest because i'm a nerd. i love this stuff. this is terrific. so, in 1862, to finance the civil war, we came up with what was called the green back. and that was the first time we really had the dollar. so it doesn't really -- how can each state have a currency? the one good thing about it would be states can't print money. and thomas jefferson, the virginian said if there were anything he could add to the constitution it would be to take away the borrowing ability
CNN
Jan 20, 2013 11:00pm PST
and is holding our economy hostage right now, he has to be careful about promising too much. >> you think about ronald reagan, and there were some of his speeches we remember to this day, and yet if you think back on the last four years, other than the ones on the campaign trail, i think about newtown, that was where he got emotional, it was a -- it's a different kind of rhetoric and otheration. is it the mantle of president that he feels is different? >> there's nothing tougher to do as a speech giver than what he's about to do. the problem you have when you're dealing with the inaugural address, you have to deal with the present, the past and the future. you have to deal with the audience in front of you. you're going to have a million people in front of you. you're also dealing with people around the world. it's hard to do any of those well, you have to do them at the same time. i think he's going to want to do well tomorrow. i think he knows there are people out there that are going to say, this is the last big speech from obama. unless there's a war or something like that, there's pressure
CSPAN
Jan 21, 2013 12:00pm EST
it will be on the really important issues to the american public like how do we create jobs, get the economy running again? very importantly, how rain in the long-term debt? that would require a lot of concessions by democrats on entitlement programs. i think the president coming off of the fiscal cliff debate, the republicans, that was their golden moment to extract concessions from the democrats, specifically on social security. i think he would agree with me the end of the negotiations, the trade between the republicans and democrats was to do an increase in the debt ceiling, in exchange for cutbacks in so security cost-of-living adjustments. john boehner and republicans decided they want to have an argument over the debt ceiling, because of the new year we will be better positioned. they quickly have realized that is not going to be the lever they thought it would be. host: you have covered three presidents, clinton, bush, and now president obama. people say the political divide between these branches is stronger now than it has been in years. you agree or disagree? guest: i absolutely agree. host: wh
Current
Jan 23, 2013 4:00pm PST
for my test, but they said, we can't default. don't hold the economy hostage any more. cut spending where you want to cut spending but don't use the debt limit to do it. they realize there is no political appetite in the business world in the regular world, and in the political world to hold the economy hostage in the way that they did in 2011. >> michael, tell me how in the world they gain leverage by having the fight over the budget or the sequester instead? i don't see it. >> there is something that nobody is talking about here, which is the political leverage that boehner wants right now. i think boehner needs to reassess. i think this is a retreat. give it to the senate for a while. let's get our troops back together and figure out what is going on here and then move forward again. i do agree with some the people who say this is a surrender because i think it's a political surrender for a moment. there is always strategy within the republican party. i don't think this is the kind of situation that will just go away. it is always kicking the can down, but i think there is a political
FOX News
Jan 22, 2013 3:00pm PST
read between the lines they tell you something about the overall economy. chief washington correspondent james rosen interprets for us. >> the national association of realers reports that -- realtors reports while existing home sales dipped in december, such sales are up by december 2011 by 19.8%, with total sales in 2019 reaching the highest point in five years. among the reasons why, experts cited an improving jobs market. >> the driving factor,be of course, have to include the historically low mortgage rates. for those people who can qualify. the other factor is the household formation. many of the young adults who used to live with their parents are seeking out their own housing unit. >> a recent survey by the national association of home builders and wells fargo finds home builders' confidence sagging. staying flat in january and below the 50% mark after eight consecutive growth of months. there, too, there is cause for optimism. the commerce department reported last week that housing starts surged in december. up 19.1% from the month before and setting the fastest pac
FOX News
Jan 24, 2013 3:00pm PST
greece trying to revive an economy on life support. >> new year for spain. but is there is little for the lively european country to celebrate. unemployment is over 26%, the worst since the '70s. joblessness among young people is over 55%. spaniards, under 25, have little hope. >> it's 2012 was a bad year, you can imagine the prospects that spaniards have. nothing. at the end, we all have to leave, just like our parents did to immigrate. >> strange recession worsened too. economic growth down last year. budget cuts and tax hikes to avoid a full-scale bail-out accord og the efforts are hurting short-term recovery. with backing from the european central bank might offer long-term hope. bond sales to write down spain's debt went well. >> we are getting indicators that it's slowly adjusting. start to turn in the coming quarter. >> greece might be building on a couple of years of austerit austerity. the country is qualifying for e.u. bail-out money. 2013 is bringing more protests. young and old in athens. unemployment in greece is higher than spain. and pensions are slinking. >> we are
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